Iran's Supreme Court has confirmed the death sentence against a well-known tycoon, Iran's official IRNA news agency said on Saturday.

The report says Babak Zanjani was sentenced to death over a variety of charges including money laundering and disrupting the country's economy.

Zanjani was arrested in 2013 as part of a crackdown on alleged corruption during the rule of former president Mahmoud Ahmadinejad.

Iran's Oil Ministry says Zanjani owes more than 2 billion euros ($2.25 billion) for oil sales he made on behalf of Ahmadinejad's government.

Zanjani is one of Iran's wealthiest businessmen, with a fortune worth an estimated $14 billion.

Source: MENA